TIM Brasil CEO says company not for sale [Global Data Point]
(Global Data Point Via Acquire Media NewsEdge) TIM Brasil is not up for sale, according to the president of the Brazilian unit of Telecom Italia, Rodrigo Abreu. In an interview with Brazilian daily O Estado de Sao Paulo, he denied rumours that Telecom Italia wants to sell its 67 percent share in order to obtain the necessary financial capital for investments on the domestic market. "Our controlling shareholder has expressed quite plainly that a sale process for Tim Brasil, either formal or informal, has not been started."
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